How to move an LLC or corporation to Texas and keep the EIN [step-by-step]

Attorney and CPA Chad D. Cummings examines a new law review article that challenges the traditional assumptions about where a company should be incorporated in this presentation. Professor Carliss Chatman of SMU Dedman School of Law argues that the internal affairs doctrine, which made Delaware the default for generations, governs only a small share of a company’s actual legal exposure. Most disputes arise from environmental, employment, consumer, contract, and regulatory matters that are litigated where the company operates, not where it is chartered. The article also shows that reincorporation into Texas creates no new franchise tax that operations had not already produced and proposes a practical three-part test for the incorporation decision. This presentation explains why incorporation should be a deliberate choice rather than an inheritance, and how redomestication allows business owners to transfer their company’s legal domicile to Texas or Florida without dissolving the entity, without creating a new company, and on a completely tax-free basis while preserving the same FEIN, contracts, credit history, and bank accounts. Learn more: https://www.cummings.law/onboard/texas.html